jerry_klaw

#BTC End of Cycle Target - 2021 EOY Bull Market

Long
BITSTAMP:BTCUSD   Bitcoin
This idea follows the BTC Cycle pattern with an estimated top of $250K USD area. Price Stays within all-time channel starting in 2011. Macro picture on log scale. Appears to be forming a huge ascending wedge with next top following the halving cycles ending Q4 2021. Internal wedge represents top at $100K, but if momentum continues as previous cycles, we could be seeing the 250K. Red and Green lines represent important areas and if held/broken, #BTC price could play out as identified. Yellow bar fractal is exact take from Sept 18th 2017 thru Dec 11th 17, week of last cycle top. This is very similar time frame for current market structure starting right NOW! - Sept 18th 2021. Sure would be neat to see this play out. As we all know history repeats and this thesis plans for it to happen again.

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